Early Development
نویسنده
چکیده
Long-term economic development involves four fundamental processes: the exploitation of increasing returns to specialization, the transition from household to market production, knowledge and human capital accumulation, and industrialization. In this paper, we integrate these processes into a coherent framework for thinking about economic history. Preindustrial development is driven by increasing returns to specialization made possible by a growing population. Increasing specialization eventually activates a learning technology and initiates industrial growth, which carries the economy to a fully market-based balanced-growth path. Among other things, we attribute a role to population and market size that is consistent with the evidence. JEL Nos. N1, 011
منابع مشابه
Modeling in Early Stages of Technology Development: Is an Iterative Approach Needed?; Comment on “Problems and Promises of Health Technologies: The Role of Early Health Economic Modeling”
A recent paper by Grutters et al makes the case for early health economic modeling in the development of health technologies. A number of examples of the value of early modeling are given, with analyses being performed at different stages in the development of several non-drug health technologies. This commentary acknowledges the contribution of the paper by Grutters et...
متن کاملEffect of Early Intervention on Language Development in Hearing-Impaired Children
Introduction: Hearing loss from birth up to the age of 3 years has a negative effect on speech/language development and results in sensory, cognitive, emotional, and academic defects in adulthood by causing delayed development of communicative-linguistic abilities. The present study was performed in order to assess the effect of early intervention on language development in Persian children age...
متن کاملEarly Health Economic Modelling – Optimizing Development for Medical Device Developers?; Comment on “Problems and Promises of Health Technologies: The Role of Early Health Economic Modeling”
This commentary considers the positive and negative consequences of early economic modelling and explores potential future directions. Early economic modelling offers device manufacturers an opportunity to assess the potential value of an innovation at an early stage of development. Early modelling can direct resources into potentially viable technologies and reduce inv...
متن کاملShort communication: Effects of induced spawning on early development in snout otter clam, Lutraria philippinarum (Deshayes, 1854) (Bivalvia: Mactridae)
متن کامل
Early Phonological and Lexical Development of a Farsi Speaking Child: A Longitudinal Case Study
The present study aims at the description and analysis of the phonological and lexical development of a child who is acquiring Farsi as his first language. The child's language production at the holophrastic stage of language development, mainly single words, is observed and recorded longitudinally for nearly seven months since he was 16 months old until he turned 23 months. An attempt is mad...
متن کامل